African World Business Congress opens in Tanzania

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The fourth African World Business Congress (AWBC) opened on Monday November 12th in Ngurdoto, northern Tanzania, with a call on international businessmen to increase investment in Africa.

“Africa is this world’s future and emerging market,” Tanzanian President Jakaya Kikwete said. “There is a greater political stability in the continent. The macroeconomic environment has significantly improved,” the Tanzanian head of state noted.

He told the 300 delegates that the African private sector was growing and increasingly playing its role in progress towards prosperity.

The chairperson of Africa’s businessmen roundtable, Tukur Bamanga, a Nigerian businessman and politician, appealed to African leaders to listen to the private sector.

The two-day meeting is organised by the African Businessmen Roundtable and the New Partnership for Africa’s Development (NEPAD) in conjunction with the Tanzanian Investment Forum.

The African World Business Congress, which seeks to mobilise international investments and increase the capital flows to Africa, met in Dakar, Senegal in 2004, Accra, Ghana (2005), and Bamako, Mali (2006).

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